Question

What amount should be invested today so that there will be $5000 in an account in 10 years, if interest is earned at a rate of 5% per annum, compounded bi-weekly?

help!

Answer 1

Do you have any answer choices that goes to the question?

Answer 2

no there are no answer choices with that question

Answer 3

A standing wave fixed at one end in 4th overtone has length 20m. If the temperature is 25 degrees celsius. What is the frequency?

Answer 4

bi-weekly to me means every two weeks
so in one year there would be 27 periods and i = .05/7 = .00185185

p(1.00185185)^(270) = 5000
solve for p